Summer is the lean season for my printing business. Since school is out, the students are nowhere near my shop which is near the school district. That’s okay because I am certain that once the school opens this June everything will be back to normal but till then I have to cut down on my shop’s expenses and determine my loses, so I can recover them as soon as school starts. I also need to have a new promotion and marketing scheme to attract more clients. This summer I gave a discounted price for photo developing and scrapbooking designs which was good because it somehow carried me throughout the lean months. I was a bit worried before that I need to get personal loan just to help me with the payables. I don’t want to ask my parents for any support that is why I thought of getting a loan instead. I don’t really like getting loans, I always thought that it will only add to my financial burden because of the hidden fees and interests. I also thought acquiring a loan needs a lot of work and it’s too much hassle on my part because it’s time consuming but now as an entrepreneur I can understand that loans are pretty much a part of the whole business arena.
Labels: miscellaneous, random